Tag: Oakville

How to buy your first home by 29

February 26, 2018 | By | 3 Comments

What’s the rush?  The financial “why” HSBC did an interesting study in the UK in 2014.  It suggested that if you buy your first home by 29, you create a positive cycle that not only benefits your own financial situation, but that of your future children as well.  Buying early gives enough of a boost that you […]

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Is the bi-weekly mortgage payment always better?

March 21, 2016 | By | 1 Comment

The mystique of the bi-weekly mortgage payment I met with clients over the weekend to do some mortgage planning. They’re buying their first home, and they had lots of great questions about lender options, how to decide between a variable rate or fixed rate mortgage, and the mortgage process. Then they said something I’ve heard clients […]

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Why mortgage brokers like monoline lenders (and you should, too!)

February 29, 2016 | By | Add a Comment

Monoline mortgage lenders – offering mortgage choice Finding a perfect mortgage is like finding the perfect home. It’s an important decision that requires a lot of shopping around. That’s where we mortgage brokers come in. We’re a one-stop shop, with access to over 50 of Canada’s leading lenders. We don’t just work with the major banks; […]

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What are B lender mortgage rates?

February 15, 2016 | By | 1 Comment

How much do alternative lenders charge? If you’ve considered a B lender, chances are you’re worried about how much exactly you would need to pay.  In my experience, people often get alternative lenders confused with private lenders, which is an entirely different group of mortgage lenders.  In fact, B lender mortgage rates are typically much less than people […]

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7 tips for mortgage after consumer proposal

February 1, 2016 | By | 5 Comments

Getting a mortgage after a consumer proposal? If you’re like most people, getting a consumer proposal feels like a big relief at first. You want to get this thing done and then move on with your life. But the moving on can become very frustrating because potential new creditors, such as when you want to […]

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Single and want to buy your first home?

January 25, 2016 | By | 4 Comments

Here’s what you need to know One of the fastest growing trends in Canada is single people buying their first home on their own, rather than waiting for a partner.  According to CMHC, in 2011 a full 42% of owner-occupied condos housed singletons, and single person households are expected to continue growing. Are you wondering if […]

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Falling deeper into debt?

January 18, 2016 | By | Add a Comment

Debt is on the rise…  Yes, again It seems like this is the time of year when we hear a lot about household debt.  In one bankruptcy blog, the author writes that while a lot of focus has been directed at the real estate market, in 2015, consumer credit – i.e. non-mortgage debt – grew […]

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Buying a house for more than $500K? Check your down payment

December 28, 2015 | By | 5 Comments

Minimum down payment increase – what you need to know On February 15, 2016, the minimum down payment rules will be changing in Canada.  On homes purchased for more than $500,000, the portion of the house price over $500,000 will require at least a 10% down payment, rather than the current 5% down.  The minimum down payment for the first $500,000 […]

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